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TSMC is providing more "bang for Biden's US-bucks":
Lutnick cited the decision in March by Taiwan Semiconductor Manufacturing Co., a recipient of $6.6 billion in Chips Act grants, to boost its US investment commitment. The company is adding $100 billion to a previous $65 billion pledge, but without any additional funding from the government, Lutnick said.
“Are we renegotiating? Absolutely, for the benefit of the American taxpayer, for sure,” Lutnick said Wednesday at a Senate Appropriations Committee. “We’re getting more value for the same dollars.”
So far, it seems TSMC is "playing" their cards in the "game" with the Trump-administration's "coercion-based" policy implementation pretty OK: Lutnick has previously signaled that the Commerce Department might withhold Chips Act grants to press companies to follow in TSMC’s footsteps and expand their planned domestic semiconductor projects.
TSMC is providing more "bang for Biden's US-bucks":
Lutnick cited the decision in March by Taiwan Semiconductor Manufacturing Co., a recipient of $6.6 billion in Chips Act grants, to boost its US investment commitment. The company is adding $100 billion to a previous $65 billion pledge, but without any additional funding from the government, Lutnick said.
“Are we renegotiating? Absolutely, for the benefit of the American taxpayer, for sure,” Lutnick said Wednesday at a Senate Appropriations Committee. “We’re getting more value for the same dollars.”
So far, it seems TSMC is "playing" their cards in the "game" with the Trump-administration's "coercion-based" policy implementation pretty OK: Lutnick has previously signaled that the Commerce Department might withhold Chips Act grants to press companies to follow in TSMC’s footsteps and expand their planned domestic semiconductor projects.
Unfortunately, this scenario is happing right now.
"President Donald Trump on Thursday called Tesla CEO Elon Musk “CRAZY” and threatened to cut his companies’ government contracts as the two men feuded over a major tax bill.
“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts,” Trump wrote in a Truth Social post. ”I was always surprised that Biden didn’t do it!”
Musk promptly responded on X: “Go ahead, make my day.”
He later upped the ante, writing, “In light of the President’s statement about cancellation of my government contracts, @SpaceX will begin decommissioning its Dragon spacecraft immediately.”"
